The PPF scheme is a very useful scheme for the common people. PPF has more interest than other tax saving schemes such as 5 years FD, National Saving Certificate and Time Deposit Scheme. If you roughly invest around Rs 1.5 lakh in a year, which is around Rs 12,500 per month for a long time, you can turn your investment into Rs 1 crore. So, if you invest Rs 12,500 a month for 15 years, it will turn into Rs 40,68,209 at the time of maturity. You can continue investing in the PPF scheme for ten more years to become a crorepati instead of withdrawing it.

Source: dna July 10, 2021 10:52 UTC